← Filings of DECK
Tables in the 10-Q of DECKERS OUTDOOR CORP
35 tables with numbers, filed Aug 1, 2024. Each one downloads as a CSV for Excel or
Google Sheets, with the filing's address in the last row. Only the layout is tidied (a "$" or ")" in a cell of its own is joined to its number); no value is changed.
Open the filing on sec.gov ↗
| | Page |
| Cautionary Note Regarding Forward-Looking Statements | 2 |
| PART I - Financial Information | |
| Item 1. | Financial Statements | |
| Condensed Consolidated Balance Sheets (Unaudited) | 4 |
| Condensed Consolidated Statements of Comprehensive Income (Unaudited) | 5 |
| Condensed Consolidated Statements of Stockholders’ Equity (Unaudited) | 6 |
| Condensed Consolidated Statements of Cash Flows (Unaudited) | 7 |
First 8 of 21 rows. The CSV has all of them.
Table 2 after “(dollar and share data amounts in thousands, except par value)”
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| June 30, 2024 | March 31, 2024 | |
| ASSETS | | (AUDITED) | |
| Cash and cash equivalents | $1,438,397 | | $1,502,051 |
| Trade accounts receivable, net of allowances ($22,621 and $27,331 as of June 30, 2024, and March 31, 2024, respectively) | 303,128 | | 296,565 |
| Inventories | 753,282 | | 474,311 |
| Prepaid expenses | 45,221 | | 34,284 |
| Other current assets | 43,323 | | 92,713 |
| Income tax receivable | 29,479 | | 43,559 |
First 8 of 36 rows. The CSV has all of them.
Table 3 after “(dollar and share data amounts in thousands, except per share data)”
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| Three Months Ended June 30, | | | |
| | 2024 | 2023 | |
| Net sales (Note 2, Note 9, and Note 10) | | $825,347 | | $675,791 |
| Cost of sales | | 355,347 | | 329,367 |
| Gross profit | | 470,000 | | 346,424 |
| Selling, general, and administrative expenses | | 337,193 | | 275,688 |
| Income from operations (Note 9) | | 132,807 | | 70,736 |
| Interest income | | (17,252) | | (11,287) |
First 8 of 25 rows. The CSV has all of them.
| Three Months Ended June 30, 2024 | | | | | | | | | |
| | | | Additional Paid-in Capital | Retained Earnings | Accumulated Other Comprehensive Loss | | Total Stockholders’ Equity | | |
| Common Stock | | | | | | | | | |
| Shares | Amount | | | | | | | | |
| Balance, March 31, 2024 | 25,593 | | $255 | | $245,149 | | $1,912,797 | | $(50,733) | $2,107,468 |
| Stock-based compensation | — | | — | | 8,231 | | — | | — | 8,231 |
| Shares issued upon vesting | 1 | | — | | — | | — | | — | — |
| Exercise of stock options | 9 | | — | | 601 | | — | | — | 601 |
First 8 of 14 rows. The CSV has all of them.
| Three Months Ended June 30, 2023 | | | | | | | | |
| | Additional Paid-in Capital | | Retained Earnings | Accumulated Other Comprehensive Loss | Total Stockholders’ Equity | | | |
| Common Stock | | | | | | | | |
| Shares | Amount | | | | | | | |
| Balance, March 31, 2023 | 26,176 | | $262 | | $232,932 | | $1,571,574 | $(39,035) | $1,765,733 |
| Stock-based compensation | 1 | | — | | 6,877 | | — | — | 6,877 |
| Shares issued upon vesting | 3 | | — | | — | | — | — | — |
| Exercise of stock options | 8 | | — | | 548 | | — | — | 548 |
First 8 of 14 rows. The CSV has all of them.
| Three Months Ended June 30, | | |
| 2024 | 2023 | |
| OPERATING ACTIVITIES | | | |
| Net income | $115,625 | | $63,552 |
| Reconciliation of net income to net cash provided by (used in) operating activities: | | | |
| Depreciation, amortization, and accretion | 17,061 | | 12,353 |
| Amortization on cloud computing arrangements | 465 | | 558 |
| Bad debt benefit | (3,291) | | (2,974) |
First 8 of 35 rows. The CSV has all of them.
| Three Months Ended June 30, | | |
| 2024 | 2023 | |
| SUPPLEMENTAL CASH FLOW DISCLOSURE | | | |
| Cash paid during the period | | | |
| Income taxes | $14,998 | | $19,716 |
| Interest | 414 | | 473 |
| Operating leases | 16,339 | | 14,974 |
| Non-cash investing activities | | | |
First 8 of 13 rows. The CSV has all of them.
Table 8 after “The following is a summary of each ASU that has been issued and is applicable to the Company, but which has not yet been adopted, as well as”
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| Standard | Description | Planned Period of Adoption | Expected Impact on Adoption |
| ASU 2023-07 - Improvements to Reportable Segment Disclosures | The ASU requires annual and interim disclosures of significant segment expenses, including an amount and composition description for other segment items, and how reported measures of profit or loss are used by the chief operating decision maker (CODM) in assessing segment performance and deciding how to allocate resources. The ASU is effective on a retrospective basis for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. | Q4 FY 2025andQ1 FY 2026 | The Company is currently evaluating the impact of the adoption of this ASU on its annual and interim consolidated financial statements. |
| ASU 2023-09 - Improvements to Income Tax Disclosures | The ASU requires annual disclosures of prescribed standard categories for the components of the effective tax rate reconciliation, disclosure of income taxes paid disaggregated by jurisdiction, and other income-tax related disclosures. The ASU is effective on a prospective basis, with retrospective application permitted, for fiscal years beginning after December 15, 2024. Early adoption is permitted. | Q4 FY 2026 | The Company is currently evaluating the impact of the adoption of this ASU on its annual and interim consolidated financial statements. |
Table 9 after “The following tables summarize changes in the estimated sales returns for the periods presented:”
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| Recovery Asset | Refund Liability | |
| Balance, March 31, 2024 | $13,866 | | $(55,327) |
| Net additions to sales return liability (1) | 10,976 | | (40,741) |
| Actual returns | (14,077) | | 58,277 |
| Balance, June 30, 2024 | $10,765 | | $(37,791) |
Table 10 after “The following tables summarize changes in the estimated sales returns for the periods presented:”
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| Recovery Asset | Refund Liability | |
| Balance, March 31, 2023 | $15,685 | | $(45,322) |
| Net additions to sales return liability (1) | 8,387 | | (40,609) |
| Actual returns | (12,867) | | 49,373 |
| Balance, June 30, 2023 | $11,205 | | $(36,558) |
Table 11 after “Activity related to loyalty programs was as follows:”
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| Three Months Ended June 30, | | |
| 2024 | 2023 | |
| Beginning balance | $(17,586) | | $(13,144) |
| Redemptions and expirations for loyalty certificates and points recognized in net sales | 5,060 | | 4,728 |
| Deferred revenue for loyalty points and certificates issued | (4,575) | | (3,909) |
| Ending balance | $(17,101) | | $(12,325) |
Table 12 after “Activity related to deferred revenue was as follows:”
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| Three Months Ended June 30, | | |
| 2024 | 2023 | |
| Beginning balance | $(9,591) | | $(13,448) |
| Additions of customer cash payments | (27,101) | | (20,589) |
| Revenue recognized | 9,254 | | 13,401 |
| Ending balance | $(27,438) | | $(20,636) |
Table 13 after “Assets and liabilities that are measured on a recurring basis at fair value in the condensed consolidated balance sheets are as follows:”
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| As of | | Measured Using | | | | |
| June 30, 2024 | Level 1 | | Level 2 | Level 3 | | |
| Assets: | | | | | | | |
| Cash equivalents: | | | | | | | |
| Money-market funds | $1,079,101 | | | $1,079,101 | | $— | $— |
| Other current assets: | | | | | | | |
| Designated Derivative Contracts asset | 1,399 | | | — | | 1,399 | — |
| Other assets: | | | | | | | |
First 8 of 10 rows. The CSV has all of them.
Table 14 after “(dollar amounts in thousands, except per share or share data)”
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| As of | | Measured Using | | | | |
| June 30, 2024 | Level 1 | | Level 2 | Level 3 | | |
| Liabilities: | | | | | | | |
| Other accrued expenses: | | | | | | | |
| Non-qualified deferred compensation liability | $(412) | | | $(412) | | $— | $— |
| Designated Derivative Contracts liability | (267) | | | — | | (267) | — |
| Other long-term liabilities: | | | | | | | |
| Non-qualified deferred compensation liability | (23,580) | | | (23,580) | | — | — |
First 8 of 9 rows. The CSV has all of them.
Table 15 after “(dollar amounts in thousands, except per share or share data)”
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| As of | | Measured Using | | | | |
| March 31, 2024 | Level 1 | | Level 2 | Level 3 | | |
| Assets: | | | | | | | |
| Cash equivalents: | | | | | | | |
| Money-market funds | $1,152,083 | | | $1,152,083 | | $— | $— |
| Other assets: | | | | | | | |
| Non-qualified deferred compensation asset | 13,553 | | | 13,553 | | — | — |
| Total assets measured at fair value | $1,165,636 | | | $1,165,636 | | $— | $— |
First 8 of 14 rows. The CSV has all of them.
Table 16 after “Income tax expense and the effective income tax rate were as follows:”
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| Three Months Ended June 30, | | | |
| | 2024 | 2023 | |
| Income tax expense | | $33,528 | | $17,812 |
| Effective income tax rate | | 22.5% | | 21.9% |
Table 17 after “Supplemental information for amounts presented in the condensed consolidated statements of cash flows related to operating leases, were as f”
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| Three Months Ended June 30, | | | |
| | 2024 | 2023 | |
| Non-cash operating activities | | | | |
| Operating lease assets obtained in exchange for lease liabilities (1) | | $12,336 | | $21,587 |
| Reductions to operating lease assets for reductions to lease liabilities (1) | | (1,106) | | (65) |
Table 18 after “The following table summarizes the effect of Designated Derivative Contracts and the related income tax effects of unrealized gains or losse”
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| Three Months Ended June 30, | | | |
| | 2024 | 2023 | |
| Gain recorded in OCI | | $1,132 | | $411 |
| Reclassifications from AOCL into net sales | | — | | 21 |
| Income tax expense in OCI | | (276) | | (80) |
| Total | | $856 | | $352 |
Table 19 after “Stock repurchase activity under the Company’s stock repurchase program was as follows:”
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| Three Months Ended June 30, | | |
| 2024 | 2023 | |
| Total number of shares repurchased (1) | 176,956 | | 52,410 |
| Average price per share paid | $858.79 | | $485.95 |
| Dollar value of shares repurchased (2) (3) | $151,967 | | $25,469 |
Table 20 after “The components within AOCL, net of tax, recorded in the condensed consolidated balance sheets are as follows:”
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| June 30, 2024 | March 31, 2024 | |
| Unrealized gain on cash flow hedges | $856 | | $— |
| Cumulative foreign currency translation loss | (55,389) | | (50,733) |
| Total | $(54,533) | | $(50,733) |
Table 21 after “The reconciliation of basic to diluted weighted-average common shares outstanding was as follows:”
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| Three Months Ended June 30, | | | |
| | 2024 | 2023 | |
| Basic | | 25,478,000 | | 26,165,000 |
| Dilutive effect of equity awards | | 103,000 | | 156,000 |
| Diluted | | 25,581,000 | | 26,321,000 |
| Excluded | | | | |
| Long-Term Incentive Plan Performance-Based Restricted Stock Units | | 48,000 | | 76,000 |
| Employee Stock Purchase Plan | | — | | 1,000 |
Table 22 after “Reportable operating segment information, with a reconciliation to the condensed consolidated statements of comprehensive income, was as fol”
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| Three Months Ended June 30, | | | |
| | 2024 | 2023 | |
| Net sales | | | | |
| UGG brand wholesale | | $142,553 | | $121,545 |
| HOKA brand wholesale | | 332,732 | | 260,847 |
| Teva brand wholesale | | 31,359 | | 35,132 |
| Sanuk brand wholesale | | 4,433 | | 6,470 |
| Other brands wholesale | | 3,705 | | 1,427 |
First 8 of 10 rows. The CSV has all of them.
Table 23 after “Reportable operating segment information, with a reconciliation to the condensed consolidated statements of comprehensive income, was as fol”
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| Three Months Ended June 30, | | | |
| | 2024 | 2023 | |
| Income (loss) from operations | | | | |
| UGG brand wholesale | | $38,430 | | $16,866 |
| HOKA brand wholesale | | 124,694 | | 86,524 |
| Teva brand wholesale | | 6,789 | | 9,237 |
| Sanuk brand wholesale | | 1,603 | | 759 |
| Other brands wholesale | | (1,557) | | (2,041) |
First 8 of 11 rows. The CSV has all of them.
Table 24 after “Assets allocated to each reportable operating segment, with a reconciliation to the condensed consolidated balance sheets, are as follows:”
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| June 30, 2024 | March 31, 2024 | |
| Assets | | | |
| UGG brand wholesale | $509,965 | | $247,136 |
| HOKA brand wholesale | 490,476 | | 436,147 |
| Teva brand wholesale | 56,713 | | 81,703 |
| Sanuk brand wholesale | 16,955 | | 18,526 |
| Other brands wholesale | 24,973 | | 9,379 |
| Direct-to-Consumer | 261,893 | | 263,840 |
First 8 of 13 rows. The CSV has all of them.
Table 25 after “The Company sells its products globally to customers and consumers in various countries, with net sales concentrations as follows:”
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| Three Months Ended June 30, | | | |
| | 2024 | 2023 | |
| International net sales | | $309,491 | | $256,256 |
| % of net sales | | 37.5% | | 37.9% |
| Net sales in foreign currencies | | $177,624 | | $148,971 |
| % of net sales | | 21.5% | | 22.0% |
| Ten largest global customers as % of net sales | | 23.6% | | 22.8% |
Table 26 after “Long-lived assets, which consist of property and equipment, net, recorded in the condensed consolidated balance sheets, are as follows:”
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| June 30, 2024 | March 31, 2024 | |
| United States | $273,741 | | $270,561 |
| Foreign (1) | 31,844 | | 31,561 |
| Total | $305,585 | | $302,122 |
Table 27 after “. Results of operations were as follows:”
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| Three Months Ended June 30, | | | | | | | | | | | | |
| 2024 | | 2023 | | Change | | | | | | | | |
| Amount | % | | | Amount | % | | Amount | % | | | | |
| Net sales | $825,347 | | | 100.0% | | | $675,791 | | 100.0% | | $149,556 | | 22.1% |
| Cost of sales | 355,347 | | | 43.1 | | | 329,367 | | 48.7 | | (25,980) | | (7.9) |
| Gross profit | 470,000 | | | 56.9 | | | 346,424 | | 51.3 | | 123,576 | | 35.7 |
| Selling, general, and administrative expenses | 337,193 | | | 40.9 | | | 275,688 | | 40.8 | | (61,505) | | (22.3) |
| Income from operations | 132,807 | | | 16.0 | | | 70,736 | | 10.5 | | 62,071 | | 87.8 |
First 8 of 17 rows. The CSV has all of them.
Table 28 after “Net sales by location, and by brand and channel were as follows:”
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| Three Months Ended June 30, | | | | | | |
| 2024 | 2023 | | Change | | | |
| Amount | Amount | | Amount | % | | |
| Net sales by location | | | | | | | |
| Domestic | $515,856 | | $419,535 | | | $96,321 | 23.0% |
| International | 309,491 | | 256,256 | | | 53,235 | 20.8 |
| Total | $825,347 | | $675,791 | | | $149,556 | 22.1% |
| Net sales by brand and channel | | | | | | | |
First 8 of 20 rows. The CSV has all of them.
| Three Months Ended June 30, | | | | | | |
| 2024 | 2023 | | Change | | | |
| Amount | Amount | | Amount | % | | |
| Sanuk brand | | | | | | | |
| Wholesale | 4,433 | | 6,470 | | | (2,037) | (31.5) |
| Direct-to-Consumer | 2,429 | | 3,109 | | | (680) | (21.9) |
| Total | 6,862 | | 9,579 | | | (2,717) | (28.4) |
| Other brands | | | | | | | |
First 8 of 15 rows. The CSV has all of them.
Table 30 after “Income (loss) from operations by reportable operating segment was as follows:”
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| Three Months Ended June 30, | | | | | | |
| 2024 | 2023 | | Change | | | |
| Amount | Amount | | Amount | % | | |
| Income (loss) from operations | | | | | | | |
| UGG brand wholesale | $38,430 | | $16,866 | | | $21,564 | 127.9% |
| HOKA brand wholesale | 124,694 | | 86,524 | | | 38,170 | 44.1 |
| Teva brand wholesale | 6,789 | | 9,237 | | | (2,448) | (26.5) |
| Sanuk brand wholesale | 1,603 | | 759 | | | 844 | 111.2 |
First 8 of 12 rows. The CSV has all of them.
Table 31 after “Income tax expense and our effective income tax rate were as follows:”
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| Three Months Ended June 30, | | |
| 2024 | 2023 | |
| Income tax expense | $33,528 | | $17,812 |
| Effective income tax rate | 22.5% | | 21.9% |
Table 32 after “The following table summarizes the major components of our condensed consolidated statements of cash flows for the periods presented:”
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| Three Months Ended June 30, | | | | | | |
| 2024 | 2023 | | Change | | | |
| Amount | Amount | | Amount | % | | |
| Net cash provided by operating activities | $112,650 | | $125,262 | | | $(12,612) | (10.1)% |
| Net cash used in investing activities | (22,521) | | (30,732) | | | 8,211 | 26.7 |
| Net cash used in financing activities | (151,861) | | (25,619) | | | (126,242) | (492.8) |
| Effect of foreign currency exchange rates on cash and cash equivalents | (1,922) | | (3,817) | | | 1,895 | 49.6 |
| Net change in cash and cash equivalents | $(63,654) | | $65,094 | | | $(128,748) | (197.8)% |
Table 33 after “Stock repurchase activity under our stock repurchase program during the three months ended June 30, 2024, was as follows:”
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| Total number of shares repurchased (1) | Average price per share paid | | Dollar value of shares repurchased (2) (3) | Dollar value of shares remaining for repurchase (3) | |
| April 1 - April 30, 2024 | 103,736 | | $833.72 | | $86,487 | $855,217 |
| May 1 - May 31, 2024 | 59,332 | | 867.77 | | 51,486 | 803,731 |
| June 1 - June 30, 2024 | 13,888 | | 1,007.63 | | 13,994 | 789,737 |
Table 34 after “activity of our directors and executive officers with respect to Rule 10b5-1 trading plans during the three months ended June 30, 2024:”
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| Name & Title | Adoption Date | Termination Date | Contract End Date | Aggregate Shares Covered (in ones) |
| Dave Powers, Chief Executive Officer (1) | September 8, 2023 | April 15, 2024 (2) | April 22, 2024 | 35,957 |
| Stefano Caroti, Chief Commercial Officer (1) | March 7, 2024 | June 6, 2024 (2) | August 31, 2024 | 5,000 |
| Stefano Caroti, Chief Commercial Officer (1) | June 7, 2024 | * | September 30, 2025 | 3,569 |
| Steven Fasching, Chief Financial Officer | June 4, 2024 | * | January 31, 2025 | 3,000 |
| Anne Spangenberg, President, Fashion Lifestyle Group | June 4, 2024 | * | June 1, 2025 | 2,781 |
| Bonita Stewart, Director | June 4, 2024 | * | May 29, 2025 | 2,250 |
| Maha Ibrahim, Director | June 6, 2024 | * | September 9, 2025 | 250 |
| Exhibit Number | Description of Exhibit |
| *10.1 | Form of Change in Control and Severance Agreement |
| *31.1 | Certification of Principal Executive Officer pursuant to Rule 13a-14(a) under the Exchange Act, adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, as amended |
| *31.2 | Certification of Principal Financial and Accounting Officer pursuant to Rule 13a-14(a) under the Exchange Act, adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, as amended |
| **32.1 | Certification pursuant to 18 U.S.C. Section 1350, adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, as amended |
| *101.INS | Inline XBRL Instance Document (the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document) |
| *101.SCH | Inline XBRL Taxonomy Extension Schema Document |
| *101.CAL | Inline XBRL Taxonomy Extension Calculation Linkbase Document |
First 8 of 12 rows. The CSV has all of them.